Uno Minda Ltd – Coiled for a Breakout

4月30日

🚗 Uno Minda Ltd – Coiled for a Breakout After 38% Correction!
📉 Stock Background & Current Structure:
Uno Minda Ltd, a key player in the automobile components sector, has corrected nearly 38% from its all-time high of ₹1,255. The recent low was recorded around ₹867, which is close to a key swing level.

What's interesting is that the stock recently:

Swiped the latest swing low, potentially triggering stop hunts and liquidity grabs.

Has been consolidating in a tight range (₹915–₹880) for the last 9 trading sessions.

This behavior typically signals absorption of selling pressure and potential preparation for an explosive move.

🧠 Why This Trade Setup?
A strong support base is being formed in the consolidation range.

Despite a lower-low formation on the higher timeframe, price failed to break down aggressively.

This indicates that smart money might be accumulating.

If the price breaks out of this consolidation range, it offers a great swing trade setup with a well-defined risk-to-reward profile.

🎯 Trade Plan:

Element Levels
Entry On breakout above ₹915
Stop-Loss ₹870 (just below swing low)
Target 1 ₹993
Target 2 (optional) ₹1,070https://www.tradingview.com/x/ywXG13pd/
Target 3 (longer term) ₹1,150
We are currently focused on Target 1, and will assess further upside if momentum sustains.

🔍 Technical Perspective:
Consolidation zones often lead to strong directional moves.

Recent swing low swipe signals liquidity grab — a common sign before reversals.

A breakout will confirm short-term trend reversal on lower timeframes.

This is a classic "base + breakout" setup loved by both swing and positional traders.

🔔 What Led Me to Update This Analysis?
Significant price correction offering value

Repeated tests of support without breakdown

Range-bound movement suggests seller exhaustion

Structure aligns with high-probability breakout pattern

📌 Summary:
Stock: Uno Minda Ltd

Sector: Auto Parts / Manufacturing

Strategy: Breakout Swing Trade

Risk Level: Moderate (tight SL, defined setup)


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5月31日

交易結束：目標達成

🎯 Target Achieved – UNO MINDA Ltd. 🚗🔧
✅ Both Swing Targets Reached with Strong Momentum!

🔍 Analysis Recap:
Stock: UNO MINDA Ltd

Sector: Auto Parts Manufacturer

All-Time High: ₹1,255

Recent Correction: ~38% from ATH

Our Entry Zone: ₹885 – ₹915 (after 9-day consolidation breakout)

Stop-Loss: ₹870 (below consolidation support)

Target 1: ₹993 ✅

Target 2: ₹1,079 ✅

Recent High: ₹1,042 (on 31 May 2025)

📈 Performance Summary:
🔼 Return to Target 1 (₹993): +9%

🔼 Return to Target 2 (₹1,079): +18%

🔼 Return to Recent High (₹1,042): +14%

⏳ Time Taken: Around 2 weeks

📊 Trade Type: Swing Trade

📍 Breakout Confirmation: 9-day range breakout with volume, then continuous higher-high structure

🧠 Why We Took This Trade:
✅ Stock formed a tight consolidation base (₹880–₹915)

✅ Took liquidity at swing low and reversed with strength

✅ Gave a clean breakout from structure

✅ Overall market supported the Auto sector

✅ Risk-to-Reward ratio was highly favorable

🏁 What’s Next?
🔄 Trail Stop Loss to ₹995 if holding partial

🔍 Wait for a retracement to ₹975–₹940 zone for fresh entry

📌 We’ll re-analyze the stock near ₹1,125–₹1,150 zone for next possible leg

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